Nashville Capital Network files charter for possible fund

Entity created to pair entrepreneurs and investors is exploring possibility of pooling funds

Email | Print By Walker Duncan

The Nashville Capital Network has obtained a Tennessee charter for the NCN Angel Fund LP, a move that could lead to the creation of a pool of capital, sponsored by the angel group, to invest in start-up companies alongside its existing group of investors.

But the NCN's executive director, Sid Chambless, speaking with NashvillPost.com, was quick to point out that nothing has been finalized. "This is in no way a done deal," he said. " All we're doing is exploring ways to complement what we're already doing with NCN." He went on to point out that the NCN doesn't necessarily have to do anything.

While there have been preliminary conversations with prospective investors, the fund remains only a possibilty, along with a number of other ideas to enhance the NCN's exisiting capabilities.

The network was created in 2003 to aid in early-stage capital formation for entrepreneurial ventures. It is a joint initiative of Vanderbilt University, the Nashville Technology Council, the Nashville Health Care Council and local investors and business leaders.